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    <title>Clarifications and Regularization of GST Liability on Certain Services Based on the Recommendations of the 53rd GST Council Meeting</title>
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    <description>Clarification and regularization of GST liabilities and exemptions for specified services: Ministry of Railways public services and inter-zone supplies exempted and regularized on an as is where is basis; SPV supplies of infrastructure use exempted and regularized for the stated historical period; RERA statutory collections fall under the governmental authority exemption; incentive sharing by acquiring banks under the notified RuPay/UPI scheme treated as a subsidy and not taxable where distributed in NPCI-determined proportions; reinsurance of certain exempt insurance schemes and government-premium schemes regularized for past periods and reinsurance is clarified to include retrocession.</description>
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    <pubDate>Fri, 27 Sep 2024 00:00:00 +0530</pubDate>
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      <description>Clarification and regularization of GST liabilities and exemptions for specified services: Ministry of Railways public services and inter-zone supplies exempted and regularized on an as is where is basis; SPV supplies of infrastructure use exempted and regularized for the stated historical period; RERA statutory collections fall under the governmental authority exemption; incentive sharing by acquiring banks under the notified RuPay/UPI scheme treated as a subsidy and not taxable where distributed in NPCI-determined proportions; reinsurance of certain exempt insurance schemes and government-premium schemes regularized for past periods and reinsurance is clarified to include retrocession.</description>
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      <pubDate>Fri, 27 Sep 2024 00:00:00 +0530</pubDate>
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